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Archive for April, 2012

U.S. Government Spending and Debt by the Numbers

Friday April 6th, 2012   •   Posted by Craig Eyermann at 9:03am PDT   •   0 Comments

Via the Associated Press, all values below are in millions of U.S. dollars (because apparently, to save ink, the AP cut them off. We’ve added the dollar signs and better punctuation): WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government’s fiscal year runs Oct. 1 through Sept….
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Government Spending on Autopilot

Wednesday April 4th, 2012   •   Posted by Stephanie Freedman at 2:18pm PDT   •   0 Comments

A recent article in the Huffington Post points out that our country is officially on spending autopilot. What do I mean when I say the budget is “on autopilot”? Right now, vast swaths of government spending are classified as “mandatory.” That means certain programs are funded automatically. In other words, they are funded outside…
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Who Really Owns The U.S. National Debt (Spring 2012 Edition!)

Monday April 2nd, 2012   •   Posted by Craig Eyermann at 8:53am PDT   •   10 Comments

The U.S. Treasury has revised its data indicating which nation’s institutions through the end of the U.S. government’s 2011 Fiscal Year, which ended on 30 September 2011. With that revision, we’ve updated our chart revealing who the biggest holders of all the U.S. government’s public debt outstanding were as of 30 September 2011: Compared…
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Immediosis and Government Folly

Sunday April 1st, 2012   •   Posted by Burt Abrams at 4:51pm PDT   •   5 Comments

Ever wonder why we suffer from so many terrible public policies? A newly identified psychological disorder called “Immediosis” may hold the answer. Immediosis is an obsessive concern for immediate gratification with no regard for future consequences. Immediacs, individuals suffering from immediosis, are most prevalent among the following populations: politicians, Keynesian economists and children under…
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